KSE‑100 Slips 800 Points Amid Broad Market Sell‑Off

Selling pressure was evident at the Pakistan Stock Exchange (PSX), with the benchmark KSE‑100 Index losing more than 800 points on Monday.

At 9:50 a.m., the benchmark index stood at 173,152.71, down 810.10 points, or 0.47%.

Sell‑off was observed across key sectors such as automobile manufacturers, cement producers, commercial banks, oil and gas explorers, OMCs and power generators. Heavy‑weight stocks including HUBCO, MARI, OGDC, POL, PPL, HBL, MCB, MEBL, NBP and UBL were among those trading lower.

In the preceding week, Pakistani equities experienced a robust rebound as easing Middle‑East tensions and improving domestic economic data bolstered investor confidence, driving the KSE‑100 Index up 4% during a shortened trading week.

The KSE‑100 Index rose 6,119 points week‑on‑week, closing at 173,963 points.

Globally, Asian share markets steadied on Monday as the AI‑driven rally continued to spur demand, offsetting limited progress in Gulf peace talks that cast doubt on a swift reopening of the Strait of Hormuz and pushed oil prices higher.

Although negotiators from Washington and Tehran are reportedly working toward a deal, President Donald Trump has remained silent on the developments. On Saturday, Defence Secretary Pete Hegseth warned that the United States would consider restarting attacks on Iran if an agreement cannot be reached.

Regional tensions were further heightened by an Israeli military incursion into Lebanon targeting the Iran‑backed Hezbollah group.

In the absence of fresh news, Brent crude rose 1.9% to $92.89 per barrel, while U.S. crude added 2.4% to $89.46.

Asian equity markets remained supported by demand for semiconductors and AI‑related equipment, with Japan’s Nikkei up another 0.5%, having surged nearly 5% last week to record highs.

South Korea advanced 1.3% after a 8% rise the previous week, while Taiwan climbed almost 6%. MSCI’s broadest Asia‑Pacific index excluding Japan added 0.2%.

This is an intraday update

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